CAD 0.080.0111.11%

Macroaxis considers Orestone Mining to be abnormally risky. Orestone Mining Corp maintains Sharpe Ratio (i.e. Efficiency) of -0.1774 which implies Orestone Mining Corp had -0.1774% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Orestone Mining Corp exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Orestone Mining Corp Coefficient Of Variation of 576.70 and Risk Adjusted Performance of 0.19 to confirm risk estimate we provide.

Orestone Mining Corp Technical Analysis

The output start index for this execution was zero with a total number of output elements of seventeen. Orestone Mining Corp Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Assuming 30 trading days horizon, Orestone Mining Corp has beta of -0.6558 . This implies as returns on benchmark increase, returns on holding Orestone Mining are expected to decrease at a much smaller rate. During bear market, however, Orestone Mining Corp is likely to outperform the market. Additionally, Orestone Mining Corp has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW

Predicted Return Density

Returns

Assuming 30 trading days horizon, the coefficient of variation of Orestone Mining is -563.66. The daily returns are destributed with a variance of 26.82 and standard deviation of 5.18. The mean deviation of Orestone Mining Corp is currently at 2.61. For similar time horizon, the selected benchmark (DOW) has volatility of 1.12

Largest Trends

Investment Outlook

Orestone Mining Investment Opportunity

Orestone Mining Corp has a volatility of 5.18 and is 5.57 times more volatile than DOW. 47% of all equities and portfolios are less risky than Orestone Mining. Compared to the overall equity markets, volatility of historical daily returns of Orestone Mining Corp is lower than 47 (%) of all global equities and portfolios over the last 30 days. Use Orestone Mining Corp to protect against small markets fluctuations. The stock experiences very speculative upward sentiment.. Check odds of Orestone Mining to be traded at C$0.076 in 30 days. As returns on market increase, returns on owning Orestone Mining are expected to decrease at a much smaller rate. During bear market, Orestone Mining is likely to outperform the market.

Orestone Mining correlation with market

Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Orestone Mining Corp and equity matching DJI index in the same portfolio.